EU-funded survey on the environmental performance of 65 European manufacturing companies published today / New approach applies rules of financial markets to environmental performance by companies / “A company creates value only if it uses an environmental resource more efficiently than its competitors”.
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The former CEO of Novo Nordisk hopes to use his position on the board of Kofi Annan’s Global Compact initiative to increase corporations’ social responsibility.
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Introduction on poverty reduction, environment and the Millennium
Development Goals (OECD DAC EPOC)
Introduction by Agnes van Ardenne-van der Hoeven,
Dutch Minister for Development Cooperation.
OECD Development Assistance Committee and the Environment Policy Committee
Session 1 Poverty reduction, environment and the Millennium Development
Goals
4 April 2006,Paris.
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The Commission has recently published (22 March 2006) a new communication on CSR entitled “Implementing the Partnership for Growth and Jobs: Making Europe a pole of excellence on CSR” (COM(136)2006 final.
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by Bill Baue, Institutional Shareowner.com
Most US banks fail to disclose enough information on their social and environmental performance to qualify for analysis, and only four of 21 analyzed earned above D-level grades.
The top-performers and the bottom of the barrel share the spotlight in the latest report from oekom research on the sustainability performance of global banks. Oekom is a Munich-based socially responsible investment (SRI) rating firm. Coming in first with a B grade is Australia-based Westpac (ticker: WBC.AX), followed by five banks earning a B-: UK-based Northern Rock (NRK.L) and Lloyds TSB Group (LLOY.L), Switzerland-based UBS (UBS),Germany-based HVB Group (HVMGY.PK), and National Australia Bank (NAB).
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The European Commission plans to side with business in largely excluding trade unions and non-governmental groups from a new European corporate social responsibility initiative, according to Commission documents obtained by the Financial Times.
Officials confirmed the European Union’s executive body would launch a pro-business †European alliance for CSR on March 22 in Brussels. Chief executives from several of the companies already involved in the initiative plan to join the launch ceremony.
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Ethical Corporation magazine has released new research comparing attitudes on business-NGO partnerships in the U.S. and Europe. According to the report, while U.S. companies are avid philanthropists, giving generously and usefully to all kinds of charitable causes, European companies have taken the lead in meaningful engagement with NGOs, say both U.S. and European observers.
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After a 2 year multi-stakeholder consultation on CSR from 2002-2004, the Enterprise and Employment & Social affairs Departments (Directorates General) of the European Commission have informally announced that the first ever communication issued jointly by two departments will be launched on the 22nd March.
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Oxfam GB, Novib (Oxfam Netherlands), Unilever and Unilever Indonesia (UI), have collaborated on a research project to increase their understanding of the impacts of business on the lives of poor people and to explore the potential links between international business and poverty reduction.
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The Board of Directors of the International Finance Corporation adopted last week new environmental and social standards for the organization. The new standards build upon the environmental and social requirements that IFC currently applies to private sector projects it finances in the developing world. A new policy on disclosure, adopted at the same time, will increase transparency requirements.
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Some 30 experts (DHV was one of them) in the field of sustainability reporting and CSR spent a full day in January listening and sharing. In the opening panel George Molenkamp described the upward trend in reporting as found by his teams’ latest research, which was complimented by Johan Verburg’s observations that reporting is becoming less of a compliance exercise and more of a change driver.
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Calvert, one of the nation’s largest families of socially responsible mutual funds, released The Calvert Ratings(tm), a proprietary assessment of the social, environmental, and governance performance of the 100 largest U.S. companies (ranked by market capitalization).
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